Acquisition

May 17 2013

Preserve jobs, ensure environmental retrofitting

CARSON, Calif. — Attorney General Kamala Harris and the Federal Trade Commission announced today that they have approved Tesoro’s $2 billion acquisition of a BP refinery in Carson.

Harris said the agreement she reached with Tesoro and BP would preserve jobs, ensure environmental retrofitting of the facility and protect from spikes in gas prices.

Apr 16 2013

Would make it leading Korean American bank

LOS ANGELES, Calif. — Los Angeles-based BBCN Bancorp Inc. and Chicago-based Foster Bankshares Inc. announced a merger deal today that would make BBCN the leading Korean American bank in Chicago and position it to serve the Washington, D.C., market.

“This partnership underscores BBCN’s strategic objective to be the dominant Korean American bank in the markets in which we operate,” said Kevin S. Kim, chairman and chief executive officer of BBCN Bancorp.

Feb 27 2013

To be acquired by E.Land World

WESTLAKE VILLAGE, Calif.—Tennis shoe manufacturer Kswiss Inc. today reported losses for the fourth quarter of 2012 and for the entire year, although they were not as severe as the year before.

The company said in an earnings statement issued from its Westlake Village headquarters that it recorded a net loss of $14.5 million, or 41 cents per diluted share, in the fourth quarter, compared with a loss of $25.1
million, or 71 cents per share, in the previous fourth quarter.

Oct 11 2011

Top fresh blueberry company

WESTLAKE VILLAGE, Calif.—Dole Food Co. Inc. announced today that it has acquired all of the capital stock of the parent of SunnyRidge Farm Inc., one of the top fresh blueberry companies in the United States.

SunnyRidge also sources and sells blackberries, strawberries and raspberries.

Terms were not disclosed.

Jul 7 2011

$470 million

MANHATTAN BEACH, Calif.—California Pizza Kitchen Inc. and Golden Gate Capital today announced the completion of the previously announced acquisition of the Los Angeles-based restaurant chain for $18.50 per share in cash, or about $470 million.

On May 24, the companies announced that CPK and some affiliates of Golden Gate Capital Opportunity Fund had signed a merger agreement.

California Pizza Kitchen was founded in 1985. Of the chain’s 265 restaurants, 205 are company-owned and 60 operate under franchise or license agreements.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.

California
San Diego college students and volunteers will carry out their sixth home restoration project on Wednesday, July 10 through Sunday, July 14. as part of the “Healing our Heroes’ Homes” (H3) program created by the nonprofit Embrace. The five-day effort will take place at the home of medically retired Marine Corps Capt. Sarah Bettencourt. Bettencourt served with many different units across the country during the Global War on Terrorism and developed a rare neurological disorder in 2008. With a focus to restore the homes of disabled veteran homeowners, H3 falls in line with Embrace’s mission to mobilize college-student volunteers and community members to serve less fortunate members of civilian and veteran communities. The project for the Bettencourts’ home includes kitchen and bathroom remodeling, building ADA-compliant disability ramps, widening their driveway to ADA standards, widening doorways and landscaping.
 
District of Columbia
The 2013 Smithsonian Folklife Festival will showcase its five-year community research project on African American identity with the program “The Will to Adorn: African American Diversity, Style, and Identity.” This multicity collaboration examines the history and culture of the aesthetics of African Americans. The festival will be held June 26-30 and July 3-7, outdoors on the National Mall between Seventh and 14th streets. “Whether we realize it or not, we are all dress artists. The way we compose our look is a creative expression of our ideas about who we are and who we aspire to be,” said Diana N’Diaye, program curator. “This program explores the diversity of African American traditions of style, but also teaches young people the importance of documenting their own culture and saving that information for themselves and future generations.”